Kuwait Real GDP Growth
2010 - 2020 | Quarterly | % | CEIC Data
Key information about Kuwait Real GDP Growth
- The Gross Domestic Product (GDP) in Kuwait expanded 4.7 % YoY in Dec 2020, following a growth of 0.4 % in the previous quarter.
- Real GDP Growth YoY data in Kuwait is updated quarterly, available from Jun 2010 to Dec 2020, with an average rate of -0.7 %.
- The data reached an all-time high of 13.5 % in Dec 2010 and a record low of -12.6 % in Jun 2020.
Related information about Kuwait Real GDP Growth
- In the latest reports, Nominal GDP of Kuwait reached 28.0 USD bn in Dec 2020.
- Its GDP deflator (implicit price deflator) fell 10.1 % in Dec 2020.
- GDP Per Capita in Kuwait reached 22,682.6 USD in Dec 2020.
- Its Gross Savings Rate was measured at 31.1 % in Dec 2019.
- For Nominal GDP contributions, Investment accounted for 25.0 % in Dec 2019.
- Public Consumption accounted for 25.2 % in Dec 2019.
- Private Consumption accounted for 41.4 % in Dec 2019.
View Kuwait's Real GDP Growth from Jun 2010 to Dec 2020 in the chart:
What was Kuwait's Real GDP Growth in Dec 2020?
The Gross Domestic Product (GDP) in Kuwait expanded 4.7 % YoY in Dec 2020, following a growth of 0.4 % in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 4.7 Dec 2020 | 0.4 Sep 2020 | -12.6 Jun 2020 | 13.5 Dec 2010 | % | quarterly | Jun 2010 - Dec 2020 |
Real GDP Growth by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 6.0 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
| Algeria (%) | 3.1 Dec 2021 | quarterly | Mar 2012 - Dec 2021 |
| Argentina (%) | 6.1 Mar 2022 | quarterly | Mar 2005 - Mar 2022 |
| Armenia (%) | 8.6 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Australia (%) | 3.3 Mar 2022 | quarterly | Sep 1960 - Mar 2022 |
| Austria (%) | 8.7 Mar 2022 | quarterly | Mar 1989 - Mar 2022 |
| Azerbaijan (%) | 6.8 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Bahrain (%) | 5.5 Mar 2022 | quarterly | Mar 2009 - Mar 2022 |
| Bangladesh (%) | 7.2 2022 | yearly | 2007 - 2022 |
| Belarus (%) | 1.1 Dec 2021 | quarterly | Mar 2006 - Dec 2021 |
| Belgium (%) | 4.9 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Bolivia (%) | 0.2 Dec 2021 | quarterly | Mar 1991 - Dec 2021 |
| Bosnia and Herzegovina (%) | 5.5 Mar 2022 | quarterly | Mar 2009 - Mar 2022 |
| Botswana (%) | 7.0 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
| Brazil (%) | 1.5 Mar 2022 | quarterly | Mar 1997 - Mar 2022 |
| Brunei (%) | -1.4 Dec 2021 | quarterly | Mar 2005 - Dec 2021 |
| Bulgaria (%) | 4.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Cambodia (%) | 3.0 2021 | yearly | 1994 - 2021 |
| Canada (%) | 2.9 Mar 2022 | quarterly | Mar 1962 - Mar 2022 |
| Chile (%) | 6.9 Mar 2022 | quarterly | Mar 1987 - Mar 2022 |
| China (%) | 0.4 Jun 2022 | quarterly | Mar 1992 - Jun 2022 |
| Colombia (%) | 8.2 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Croatia (%) | 7.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Cyprus (%) | 5.6 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Czech Republic (%) | 4.9 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Denmark (%) | 6.2 Mar 2022 | quarterly | Mar 1992 - Mar 2022 |
| Ecuador (%) | 4.9 Dec 2021 | quarterly | Mar 1994 - Dec 2021 |
| Egypt (%) | 5.4 Mar 2022 | quarterly | Sep 2002 - Mar 2022 |
| Estonia (%) | 4.7 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| European Union (%) | 4.0 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
| Finland (%) | 3.8 Mar 2022 | quarterly | Mar 1976 - Mar 2022 |
| France (%) | 4.2 Jun 2022 | quarterly | Mar 1950 - Jun 2022 |
| Georgia (%) | 14.9 Mar 2022 | quarterly | Mar 1998 - Mar 2022 |
| Germany (%) | 1.5 Jun 2022 | quarterly | Mar 1992 - Jun 2022 |
| Ghana (%) | 0.9 Mar 2022 | quarterly | Jun 2006 - Mar 2022 |
| Greece (%) | 7.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Hong Kong SAR, China (%) | -4.0 Mar 2022 | quarterly | Mar 1991 - Mar 2022 |
| Hungary (%) | 8.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Iceland (%) | 7.3 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| India (%) | 4.1 Mar 2022 | quarterly | Jun 2005 - Mar 2022 |
| Indonesia (%) | 5.4 Jun 2022 | quarterly | Mar 1994 - Jun 2022 |
| Iran (%) | 7.2 Dec 2021 | quarterly | Jun 1989 - Dec 2021 |
| Ireland (%) | 10.0 Dec 2021 | quarterly | Mar 1996 - Dec 2021 |
| Israel (%) | 9.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Italy (%) | 4.5 Jun 2022 | quarterly | Mar 1982 - Jun 2022 |
| Ivory Coast (%) | 6.5 2021 | yearly | 1966 - 2021 |
| Japan (%) | 0.7 Mar 2022 | quarterly | Mar 1956 - Mar 2022 |
| Jordan (%) | 2.5 Mar 2022 | quarterly | Mar 1993 - Mar 2022 |
| Kazakhstan (%) | 3.3 Mar 2022 | quarterly | Mar 2006 - Mar 2022 |
| Kenya (%) | 7.2 Mar 2022 | quarterly | Mar 2010 - Mar 2022 |
| South Korea (%) | 2.9 Jun 2022 | quarterly | Mar 1961 - Jun 2022 |
| Kosovo (%) | 4.9 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Kuwait (%) | 4.7 Dec 2020 | quarterly | Jun 2010 - Dec 2020 |
| Kyrgyzstan (%) | 4.5 Mar 2022 | quarterly | Mar 2007 - Mar 2022 |
| Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
| Latvia (%) | 2.5 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
| Lebanon (%) | -25.9 2020 | yearly | 2005 - 2020 |
| Lithuania (%) | 4.8 Dec 2021 | quarterly | Jun 1995 - Dec 2021 |
| Luxembourg (%) | 4.0 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Macau SAR, China (%) | -8.9 Mar 2022 | quarterly | Mar 2002 - Mar 2022 |
| North Macedonia (%) | 2.4 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | 5.0 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Malta (%) | 7.6 Mar 2022 | quarterly | Mar 2001 - Mar 2022 |
| Mauritius (%) | 6.2 Dec 2021 | quarterly | Mar 2001 - Dec 2021 |
| Mexico (%) | 1.8 Mar 2022 | quarterly | Mar 1981 - Mar 2022 |
| Moldova (%) | 1.1 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Mongolia (%) | -3.8 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Montenegro (%) | 7.2 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Morocco (%) | 0.3 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | -5.9 2021 | yearly | 2011 - 2021 |
| Nepal (%) | -6.5 Jun 2021 | quarterly | Dec 2004 - Jun 2021 |
| Netherlands (%) | 6.6 Mar 2022 | quarterly | Mar 1997 - Mar 2022 |
| New Zealand (%) | 0.4 Mar 2022 | quarterly | Jun 1983 - Mar 2022 |
| Nigeria (%) | 3.1 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Norway (%) | 3.7 Mar 2022 | quarterly | Mar 1979 - Mar 2022 |
| Oman (%) | -3.2 2020 | yearly | 1999 - 2020 |
| Pakistan (%) | 6.2 2022 | yearly | 2001 - 2022 |
| Palestinian Territory (%) | -3.1 Mar 2022 | quarterly | Jun 2011 - Mar 2022 |
| Panama (%) | 13.6 Mar 2022 | quarterly | Mar 2008 - Mar 2022 |
| Paraguay (%) | -2.0 Mar 2022 | quarterly | Mar 1995 - Mar 2022 |
| Peru (%) | 3.8 Mar 2022 | quarterly | Mar 1981 - Mar 2022 |
| Philippines (%) | 8.2 Mar 2022 | quarterly | Mar 1999 - Mar 2022 |
| Poland (%) | 9.2 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | 2.5 Mar 2022 | quarterly | Mar 2012 - Mar 2022 |
| Romania (%) | 6.4 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Russia (%) | 3.3 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| Saudi Arabia (%) | 11.8 Jun 2022 | quarterly | Mar 2011 - Jun 2022 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | 4.8 Jun 2022 | quarterly | Mar 1976 - Jun 2022 |
| Slovakia (%) | 3.0 Mar 2022 | quarterly | Mar 1994 - Mar 2022 |
| Slovenia (%) | 9.6 Mar 2022 | quarterly | Mar 1996 - Mar 2022 |
| South Africa (%) | 2.9 Mar 2022 | quarterly | Mar 1961 - Mar 2022 |
| Spain (%) | 6.3 Jun 2022 | quarterly | Mar 1996 - Jun 2022 |
| Sri Lanka (%) | -1.6 Mar 2022 | quarterly | Mar 2011 - Mar 2022 |
| Sudan (%) | -1.6 2020 | yearly | 1983 - 2020 |
| Sweden (%) | 4.2 Jun 2022 | quarterly | Mar 1982 - Jun 2022 |
| Switzerland (%) | 4.5 Mar 2022 | quarterly | Mar 1966 - Mar 2022 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -9.6 2019 | yearly | 1988 - 2019 |
| Consolidated Fiscal Balance (USD mn) | -35,254.149 2020 | yearly | 1988 - 2020 |
| Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
| Tax Revenue: % of GDP (%) | 1.5 2020 | yearly | 1986 - 2020 |
| National Government Debt (USD mn) | 1,635.9 May 2022 | monthly | Dec 1993 - May 2022 |
| Government Debt: % of GDP (%) | 3.2 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Forecast: Government Expenditure (KWD bn) | 24.751 2027 | yearly | 1990 - 2027 |
| Forecast: Government Net Debt (KWD bn) | 13.132 2027 | yearly | 1991 - 2027 |
| Forecast: Government Revenue (KWD bn) | 28.437 2027 | yearly | 1990 - 2027 |
| Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) | 1,402.323 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
| Government Revenue: ytd: Non Oil (KWD mn) | 1,711.965 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
| Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) | 383.685 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
| Government Expenditure: ytd (KWD mn) | 16,380.557 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
| Government Revenue: ytd (KWD mn) | 15,979.052 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
| Government Fiscal Balance: ytd (KWD mn) | -401.505 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
| Government Expenditure: ytd: Current (KWD mn) | 14,978.234 Feb 2022 | monthly | Apr 2018 - Feb 2022 |
| Government Revenue (KWD mn) | 13,633.900 2016 | yearly | 1987 - 2016 |
| Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
| Government Expenditure: Capital (KWD mn) | 226.000 2016 | yearly | 1989 - 2016 |
| Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
| Government Expenditure: Current (KWD mn) | 12,125.900 2016 | yearly | 1989 - 2016 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 2.861 2027 | yearly | 1980 - 2027 |
| Trade Balance (USD mn) | 1,817.0 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
| Total Exports (USD mn) | 5,006.5 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
| Total Exports Growth (%) | 61.8 Mar 2021 | monthly | Jan 1994 - Mar 2021 |
| Aluminum: Exports (USD th) | 20,167.163 2021 | yearly | 1995 - 2021 |
| Exports: Medicament (USD th) | 51,195.339 2021 | yearly | 1995 - 2021 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 2,928.186 2021 | yearly | 1995 - 2021 |
| Total Imports (USD mn) | 3,189.5 Mar 2021 | monthly | Jan 1992 - Mar 2021 |
| Total Imports Growth (%) | 27.7 Mar 2021 | monthly | Jan 1993 - Mar 2021 |
| Imports: Medicament (USD th) | 1,073,023.230 2021 | yearly | 1995 - 2021 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 371,521.020 2021 | yearly | 1995 - 2021 |
| Total Exports to USA (USD mn) | 1.157 Apr 2022 | monthly | Jan 1973 - Apr 2022 |
| Total Imports from USA (USD mn) | 266.038 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
| Total Exports to China (USD mn) | 27.186 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
| Total Imports from China (USD mn) | 505.174 Mar 2021 | monthly | Jan 2017 - Mar 2021 |
| Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
| Exports: SITC: Other Manufactured Articles (KWD mn) | 36.800 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
| Exports: SITC: Food and Live Animals (KWD mn) | 39.900 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Direct Investment Abroad (USD mn) | 2,366.0 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
| Current Account Balance (USD mn) | 8,665.0 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
| Current Account Balance: % of GDP (%) | 0.5 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Foreign Direct Investment (USD mn) | 94.4 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
| Foreign Direct Investment: % of GDP (%) | -1.4 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Foreign Portfolio Investment (USD mn) | 506.970 Sep 2021 | quarterly | Mar 2012 - Sep 2021 |
| Foreign Portfolio Investment: % of GDP (%) | 3.1 Dec 2020 | quarterly | Mar 2012 - Dec 2020 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 20.2 Dec 2021 | quarterly | Mar 2012 - Dec 2021 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | 60.570 Dec 2021 | quarterly | Mar 2012 - Dec 2021 |
| External Debt (USD mn) | 58,787.1 Dec 2021 | quarterly | Mar 2018 - Dec 2021 |
| External Debt: % of GDP (%) | 50.5 2020 | yearly | 2014 - 2020 |
| Forecast: Current Account Balance (USD bn) | 34.812 2027 | yearly | 1980 - 2027 |
| Net International Investment Position (USD mn) | 99,111.738 2020 | yearly | 2001 - 2020 |
| BoP: FA: OT: Liabilities (KWD mn) | 1,389.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Liabilities (KWD mn) | 10.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: Capital Account: Debit (KWD mn) | 5.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Secondary Income: Credit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Assets (KWD mn) | -1,260.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Financial Derivatives: Assets (KWD mn) | -36.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Financial Derivatives: Liabilities (KWD mn) | 40.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: Net Errors and Omissions (KWD mn) | 493.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: OT: Assets (KWD mn) | -2,795.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Other Investments (OT) (KWD mn) | -1,407.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: CA: Primary Income: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.9 Sep 2021 | quarterly | Mar 2017 - Sep 2021 |
| Household Debt: % of GDP (%) | 1.7 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Money Supply M1 (USD mn) | 43,468.346 May 2022 | monthly | Jan 1994 - May 2022 |
| Money Supply M2 (USD mn) | 136,002.617 May 2022 | monthly | Jan 1994 - May 2022 |
| M2 Growth (%) | 8.1 May 2022 | monthly | Jan 1995 - May 2022 |
| Foreign Exchange Reserves (USD mn) | 43,841.8 May 2022 | monthly | Jan 1964 - May 2022 |
| Foreign Exchange Reserves: % of GDP (%) | 42.914 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
| Foreign Exchange Reserves: Months of Import (NA) | 14.1 Dec 2021 | quarterly | Mar 1973 - Dec 2021 |
| Gold Reserves (USD mn) | 103.851 May 2022 | monthly | Dec 1961 - May 2022 |
| Total Deposits (USD mn) | 153,790.283 May 2022 | monthly | Jan 1994 - May 2022 |
| Total Deposits Growth (%) | 7.5 May 2022 | monthly | Jan 1995 - May 2022 |
| Domestic Credit (USD mn) | 129,384.6 May 2022 | monthly | Jan 1994 - May 2022 |
| Domestic Credit Growth (%) | 13.8 May 2022 | monthly | Jan 1995 - May 2022 |
| Household Debt (USD mn) | 2,105.0 Jun 2022 | monthly | Jan 2002 - Jun 2022 |
| Total Loans (USD mn) | 146,673.646 May 2022 | monthly | Jan 1994 - May 2022 |
| Total Loans Growth (%) | 11.12 May 2022 | monthly | Jan 1995 - May 2022 |
| Private Debt: % of Nominal GDP (%) | 119.16 Dec 2020 | quarterly | Dec 2010 - Dec 2020 |
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National Accounts
GDP: by Expenditure: 1995 Price
GDP: by Expenditure: 2010 Price
GDP: by Industry: 1995 Price
GDP: by Industry: 2010 Price: Annual
GDP Deflator
GDP per Capita
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Nominal
Gross Domestic Product: Real
Gross National Product per Capita
Contribution to GDP
GDP: by Expenditure: 2000 Price
GDP: by Expenditure: Current Price
GDP: by Industry: 2000 Price
GDP: by Industry: Current Price: Annual
GDP: Main Aggregates
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP